Deductions & credits

You can deduct the sales tax paid if you are itemizing your return.  

If it is a vehicle used for self-employment, you deduct the business use portion of interest on your business return.

Otherwise, there is no tax benefit to purchasing a new vehicle.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post